The Nigerian naira extended its gains against the US dollar on Monday, June 16, appreciating in both the official and parallel markets amid continued volatility in the country’s foreign exchange landscape.
Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets
The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market.
Precisely, on the parallel market, some FX dealers in Lagos traded the naira at...
Naira Appreciates to 1,494.03/$ in Official Market
The naira experienced a notable appreciation on Thursday, with the currency trading at 1,494.03 to the US dollar at the official exchange window, as indicated by data from FMDQ Securities Exchange Limited.
Similarly, it appreciated at the parallel market to...
Naira Rebounds to ₦1,540/$ in Parallel Market
The naira rebounds against the dollar on Tuesday in the parallel foreign exchange market, reversing earlier losses.
A source at the Abuja Black Market told Economic Confidential that the naira was trading at ₦1,530/$ (buy) and ₦1,540/$ (sell) as...
